The offer of US$60.5 a share is less than Paypal’s stock price last year.
Rotation out of mega-cap stocks also expected to be a recurring theme on a stabilising monetary landscape, analysts say.
There’s still room for oil prices to fall further, says ASB’s Chris Tennent-Brown.
Investors now understand ‘where the range of risks are’ with the Middle East conflict, says Harbour AM’s Shane Solly.
US President Donald Trump says markets are ‘loving what is happening with oil prices way down and stocks way up’.
Steel & Tube’s market update this week illustrated the stunted industrial recovery since conflict broke out in the Middle East.
The semiconductor stock missed lofty market expectations, dragging others down with it.
Outlook statements from the likes of Fisher & Paykel Healthcare and Mainfreight weren’t as bad as the market feared.
AI chipmaker Nvidia is now valued at US$5.4 trillion, about 12 times the entire sum-value of all New Zealand wealth.
Also this week: Honda reports its first loss in nearly 70 years, and EBay rejects GameStop proposal.